What was advertised in a revolutionary American newspaper 250 years ago today?

“The Sale of the CARGO of the Prize Ship Lady JULIANA, from Jamaica.”
On August 2, 1776, Joseph Russell, an auctioneer, placed advertisements about an upcoming sale in both newspapers published in Boston, the Continental Journal and the New-England Chronicle. He advised readers that “the Sale of the CARGO of the Prize Ship Lady JULIANA, from Jamaica,” would begin in the morning on the following Wednesday. That cargo included “choice Sugars,” rum, ginger, “568 Jamaica Hides, very large,” “63 Planks of Mohogony,” cocoa, tortoise shell, “old Copper, Brass and Pewter,” and “17 Elephants Teeth.” Russell noted that the ship was “now laying at the Honourable JOHN HANCOCK, Esqr’s Wharf,” but did not indicate whether prospective bidders were welcome to examine the cargo before it went up for bids.
He did, however, provide a list of “CONDITIONS of SALE.” That was unusual in an advertisement for an auction, but Russell may have considered it necessary since this auction concerned the cargo of a prize ship rather than a private auction. Some of the proceeds would be divided among the privateers who captured the ship with the remainder going to the government. In other instances, bidders sought the best possible bargains, but the “CONDITIONS” for this auction required that “every Bidder shall advance 5-per Cent. on every Bid.” That made bids increase more substantially than smaller increments that bidders might have otherwise preferred. Russell also informed prospective bidders that “every Purchaser shall pay down as Earnest Money, 10-per Cent. and the Remainder in three Days after the Purchase.” The auctioneer had no intention of extending credit for long periods. The winning bidders had to put down a deposit immediately and submit the rest of the payment within three days. Failure to do so meant not only losing the goods but also “Forfeiture of the advance Money.” Such “CONDITIONS” warned prospective bidders not to conduct themselves according to the resources available to them on the day of the auction. The final condition concerned disputes “between two or more Bidders.” In such cases, “the Article in Dispute shall be put up again.” The auctioneer expected good behavior and an orderly process. Those who did not abide risked losing out on the cargo they hoped to acquire at the auction.










































